Montford Group and Opterra Capital, led by Sunju Patel and Glenn Alba, respectively, bought the eight-story, 96-key hotel at 2940 Collins Avenue, records show. The price equates to $292,000 per room.

The buyer is a former Blackstone executive. A Boca Raton-based company purchased the Hilton Garden Inn Miami South Beach for $28 million. Royal Polo Hotel LLC, managed by Amit N. Patel of Columbia, ...

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Located on the relatively tranquil southern end of South Beach, in the SoFi (south of Fifth Street) neighborhood, just south of its livelier chain brethren, the curt, colorful Marriott Stanton South ...

Pebb Capital and LeaseFlorida sold a historic Miami Beach hotel for $43.9 million, the sellers announced. The joint venture spent $25 million renovating the Hilton hotel after buying it for an ...